ExxonMobil Announces First Greenfield Investment in India

Investing in India’s future, ExxonMobil has announced a commitment to build a lubricant-manufacturing plant in Maharashtra. The foundation stone for the new ExxonMobil plant was laid on May 19th.

ExxonMobil had announced the final investment decision in the presence of Deputy Chief Minister Devendra Fadnavis, Industry Minister Uday Samant and senior officials from the state government.

The new, INR 900 crore (US$110 million) plant will have the capability to potentially manufacture 159,000 kiloliters of finished lubricants a year, and is expected to begin operations at the end of 2025.

The plant will be built in one of India’s leading manufacturing hubs, in the Maharashtra Industrial Development Corporation’s Isambe Industrial Area in Raigad, southeast of Mumbai, supporting almost 1,200 new jobs construction of the plant.

“We are proud to deepen our longstanding commitment to India with our first greenfield investment", said Monte Dobson, Lead Country Manager for ExxonMobil affiliates in India.

The investment is a significant boost to Make in India, a government-led initiative encouraging global companies to manufacture in the country. The program also aims to foster innovation and enhance skills development in the country’s manufacturing sector.

Once operational, the plant will supply lubricants to meet growing demand from industrial sectors such as manufacturing, steel, power, mining and construction, as well as from passenger- and commercial-vehicle segments.

It will also support local industry, sourcing a larger part of the base stocks and additives as well as all packaging from Indian businesses.